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Key Takeaways

• Major U.S. stock indexes were higher at midday as markets awaited more information about potential White House tariff deals.

• Honeywell, Sherwin-Williams, and Corning shares gained as all three posted strong results.

• NXP Semiconductors warned about the potential impact of tariffs, and announced its CEO was stepping down.

U.S. equities were higher at midday as markets waited for further clarification from the Trump administration about possible changes in tariff policy. The Dow Jones Industrial Average rose 0.6%, and the S&P 500 and Nasdaq were up by smaller percentages.

Honeywell International (HON) shares gained after the diversified technology and manufacturing conglomerate beat earnings and revenue estimates, raised the low end of its profit outlook, and announced plans to deal with potential effects of tariffs.

Shares of Sherwin-Williams (SHW) rose when the maker of paints and other industrial products exceeded profit estimates as it benefited from higher prices and lower costs.

Corning (GLW) shares advanced after the fiber optics company also posted better-than-expected results on rising demand for optical connectivity products used in artificial intelligence (AI) infrastructure.

Regeneron Pharmaceuticals (REGN) shares sank when the biopharma firm's earnings and revenue missed forecasts as sales of its blockbuster eye treatment, Eylea, were weaker than anticipated.

Shares of Amazon (AMZN) declined when White House spokesperson Karoline Leavitt warned that the administration would consider it a "hostile and political act" if the e-commerce platform lists the costs of tariffs on the products it sells.

NXP Semiconductors (NXPI) shares tumbled after the chipmaker announced CEO Kurt Sievers would be stepping down and warned that tariffs are causing a very uncertain environment.

Oil and gold futures slid. The yield on the 10-year Treasury note was down. The U.S. dollar advanced against the euro, pound, and yen. Prices for most major cryptocurrencies were higher.

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